Novel Class A Carve-Up Approved To Avoid Downgrade

The Stichting Holland Homes 2007-2 Dutch residential mortgage-backed securitization has been restructured, with the outstanding senior class A series carved up into two tranches—paving the way for the tranche to hang on to its AAA rating.

  • 10 Apr 2012

The Stichting Holland Homes 2007-2 Dutch residential mortgage-backed securitization has been restructured, with the outstanding senior class A series carved up into two tranches—paving the way for the tranche to hang on to its AAA rating.

The novel overhaul, formally voted through by class A noteholders last month, involved ...

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